The new tax regime, introduced in 2020 and made the default system in 2023, has often been perceived as offering fewer ...

Leave Encashment (Section 10 (10AA)) states that if you don’t use all your leave days and your company pays you for them, you ...

The new regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime ... evaluation and analysis under both regimes and then choose as ...

For salaried individuals, this threshold extends to Rs 12.75 lakh, factoring in the standard deduction ... under new tax regime to their income. After calculating the tax for each income slab ...

Basis the same, one would need to evaluate the regime which is more beneficial With the widening of the slabs in the new regime, the taxpayer would need to have higher deductions or exemptions to ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; check calculations ...

Salaried taxpayers with non-business income can switch between tax regimes yearly. Those with business income who opt out of ...

Standard Deduction is a fixed amount that can be subtracted from the taxpayers' total income to bring down the amount of ...

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in high-rent cities, HRA can still tilt the scale.